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Cigna To Reaffirm 2009 Profit Outlook

The Associated Press

PHILADELPHIA (AP) — Managed-care company Cigna Corp. said Monday management will be reaffirming the company's 2009 profit outlook throughout the week in discussions with investors and analysts.

In a filing with the Securities and Exchange Commission, the company said it will reaffirm its outlook for consolidated adjusted income from operations between $1.02 billion and $1.08 billion. The outlook is unchanged from April.

It expects adjusted earnings-per-share between $3.70 and $3.90, while analysts polled by Thomson Reuters expect profit of $3.74 per share.

Shares of Cigna rose $1.16, or 5.2 percent, to $23.33 in morning trading. Shares have traded between $8 and $44.14 over the past 52 weeks.